The Department of Labor reports that initial jobless claims saw a minor dip this week. Last week’s claims were, of course, revised upwards.
In the week ending September 1, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 12,000 from the previous week’s revised figure of 377,000. The 4-week moving average was 371,250, an increase of 250 from the previous week’s revised average of 371,000.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending August 25, unchanged from the prior week’s unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending August 25 was 3,322,000, a decrease of 6,000 from the preceding week’s revised level of 3,328,000. The 4-week moving average was 3,320,750, a decrease of 3,500 from the preceding week’s revised average of 3,324,250.